Greene County Bancorp, Inc. filings document formal disclosures for a bank holding company whose principal subsidiaries are the Bank of Greene County and Greene County Commercial Bank. Recent Form 8-K reports include operating results furnished under Item 2.02, dividend declarations, a common-stock repurchase authorization, Regulation FD investor-presentation materials and other material-event disclosures.
The filings also record capital and governance matters, including Greene County Bancorp, MHC's majority ownership and dividend-waiver communications, Federal Reserve Bank nonobjection disclosures, annual meeting voting results, director elections, auditor ratification and advisory executive-compensation votes.
Greene County Bancorp, Inc. (GCBC) reported $12.5 million in net income for the three months ended September 30, 2026, up 40.9% from $8.9 million a year earlier; basic and diluted earnings were $0.73 per share, compared with $0.52. This was the first quarter of fiscal 2027. Pre-provision net income was $12.1 million, up 19.2% from $10.1 million.
Net interest margin increased 45 basis points to 2.93% from 2.48%. Higher yields on loans and securities and lower deposit costs more than offset lower yields on interest-bearing bank balances and federal funds. At September 30, 2026, total assets were $3.2 billion and deposits were $2.8 billion; net loans were $1.8 billion and securities were $1.2 billion.
The company redeemed $10.0 million in aggregate principal amount of its 3.00% Fixed-to-Floating Rate Subordinated Notes on September 15, leaving $20.0 million outstanding; the redemption was funded with cash on hand. Its banking subsidiary's legal name changed to Bank of Greene effective September 14, with no impact on operations or consolidated financial statements. Shareholders will consider changing the holding company's name to Greene Bancorp, Inc. on November 7; if approved, the change is expected to take effect following certification of the vote on November 9.
Greene County Bancorp, Inc. (GCBC) announced that its Board approved a quarterly cash dividend of $0.11 per common share for the quarter ended September 30, 2026. The annual cash dividend rate is $0.44 per share, unchanged from the previous quarter. Shareholders of record as of November 13, 2026 are expected to be paid on November 27, 2026.
Greene County Bancorp, MHC, which owns 9,218,528 of the company’s 17,025,485 outstanding common shares, is waiving its receipt of this dividend. The Federal Reserve Bank of Philadelphia gave its nonobjection to waivers covering dividends aggregating up to $0.64 per share for the four quarters ending March 31, June 30, September 30 and December 31, 2026.
Greene County Bancorp, Inc. (GCBC) asks shareholders to vote at its November 7, 2026 annual meeting on two director nominees, ratification of Bonadio & Co., LLP as its auditor for the fiscal year ending June 30, 2027, a non-binding advisory vote on named executive compensation, and a charter amendment to rename the company Greene Bancorp, Inc. The amendment requires approval by holders of a majority of shares outstanding and entitled to vote; if approved, GCBC plans to file it with the Federal Reserve Bank after the meeting, when the name change would become effective. The common stock would continue under ticker GCBC.
As of September 8, 2026, GCBC had 17,025,485 common shares outstanding, including 9,218,528 held by Greene County Bancorp, MHC (54.1%). Management anticipates that the MHC will vote its shares for all proposals and states that approval of each would be assured if it does. Fiscal 2026 total compensation was $2,138,850 for President and CEO Donald E. Gibson, $645,600 for Executive Vice President and Chief Lending Officer John Antalek, and $563,000 for Senior Vice President and Chief Financial Officer Nick Barzee.
GREENE COUNTY BANCORP, INC. (GCBC) redeemed $10.0 million in aggregate principal amount of its outstanding 3.00% Fixed-to-Floating Rate Subordinated Notes due September 15, 2031. The redemption price was 100% of principal plus accrued and unpaid interest to, but excluding, September 15, 2026.
After this partial redemption, $20.0 million in aggregate principal amount of these Notes remains outstanding. The company funded the redemption with cash on hand, indicating the transaction was handled without new external financing.
Greene County Bancorp, Inc. (GCBC) is asking shareholders to vote at the November 7, 2026 annual meeting on four items: electing two directors (Christopher Cannucciari and Peter Hogan), ratifying Bonadio & Co, LLP as auditor for fiscal 2027, approving a non-binding advisory vote on executive compensation, and approving a charter amendment to change the company name to “Greene Bancorp, Inc.”
As of September 8, 2026, there were 17,025,485 common shares outstanding, with Greene County Bancorp, MHC holding 54.1%, effectively ensuring approval of all proposals if it votes in favor as expected. Directors and executive officers as a group (excluding the MHC) beneficially own 685,922 shares, or 4.0%.
The proxy details board structure, independence, and committee activity, plus extensive disclosure on executive pay. For 2026, CEO Donald Gibson received total compensation of $2.14 million$41.0 million and a $100 investment in GCBC on June 30, 2023 had grown to $117.33 by June 30, 2026, including dividends. The filing also describes long‑term incentive plans (including a large phantom stock option program), a supplemental executive retirement plan, and frozen defined-benefit pension arrangements.
Greene County Bancorp, Inc. (GCBC) is a federally chartered savings and loan holding company for the Bank of Greene County and Greene County Commercial Bank, with consolidated assets of $3.18 billion as of June 30, 2026. Its main business is overseeing the Bank of Greene County, a community-focused institution funded primarily by retail, commercial and municipal deposits and Federal Home Loan Bank borrowings.
The company operates 19 full-service offices plus lending and operations centers across New York’s Hudson Valley and Capital District, concentrating on residential and commercial real estate mortgages, home equity, consumer and commercial loans, and significant holdings of state and political subdivision and mortgage-backed securities. A mutual holding company, Greene County Bancorp, MHC, owns 54.1% of GCBC’s common stock, with the rest held by public shareholders and an ESOP. Management highlights conservative underwriting, no sub-prime lending, strong regulatory capital compliance under Basel III, and reliance on diversified funding, including municipal deposits and brokered deposits within policy limits.
Greene County Bancorp, Inc. reported record fiscal 2026 results, with net income of $41.0 million and earnings per share of $2.41 for the year ended June 30, 2026, up from $31.1 million and $1.83 a year earlier. Quarterly net income was $11.3 million, or $0.67 per share, the highest in Company history. Management cites higher-yielding loans and securities and disciplined deposit pricing as key drivers.
Net interest margin for fiscal 2026 expanded to 2.65% from 2.19%, while fully taxable-equivalent net interest margin rose to 2.95% from 2.47%. Pre-provision net income increased to $43.1 million from $32.5 million, a 32.7% gain. Return on average assets improved to 1.35% and return on average equity to 15.91%, reflecting stronger profitability.
Total assets reached $3.2 billion at June 30, 2026, including $1.7 billion of net loans and $1.2 billion of securities, with deposits of $2.7 billion. Credit quality remained solid, with non-performing assets at 0.12% of total assets and an allowance for credit losses on loans equal to 1.25% of total loans. Book value per share increased to $16.32, and the Company terminated its defined benefit pension plan using approximately $3.5 million of plan assets.
Greene County Bancorp, Inc. reported that its Board of Directors approved a quarterly cash dividend of $0.11 per share on common stock for the quarter ended June 30, 2026. This equates to an annual cash dividend rate of $0.44 per share, a 10.0% increase from the previous annual dividend of $0.40 per share.
The dividend will be paid to shareholders of record as of August 14, 2026 and is expected to be paid on August 31, 2026. Greene County Bancorp, MHC, which owns 9,218,528 of 17,025,485 outstanding common shares (54.1%), will waive this dividend. The Federal Reserve Bank of Philadelphia granted nonobjection for the MHC to waive dividends aggregating up to $0.64 per share for four quarters ending December 31, 2026.
Greene County Bancorp, Inc. furnished an investor presentation outlining its recent financial performance and strategy. As of March 31, 2026, total assets were $3.2 billion, up from $3.0 billion at June 30, 2025, an increase of $140.5 million, or 4.6%. Shareholders’ equity rose to $267.6 million, supporting a tangible common equity to tangible assets ratio of 8.41%.
Profitability remains strong, with most recent quarter and last-twelve-month ROAA of 1.37% and 1.29%, and ROAE of 16.02% and 15.72%, respectively. Net interest margin on a fully taxable-equivalent basis improved to 3.03%. Asset quality is clean, with nonperforming assets at 0.10% of assets and very low net charge-offs.
The balance sheet shows gross loans of about $1.75 billion and total deposits of about $2.77 billion, for a loans-to-deposits ratio of 63.0%. The Board approved a quarterly dividend of $0.10 per share, implying an annual rate of $0.40, up 11.1% from $0.36. Capital ratios at the bank level remain comfortably above regulatory minimums, and management highlights a long history of growth, community focus, and consistent dividends.